Natixis opens investment banking office in Saudi Arabia

Natixis opens investment banking office in Saudi Arabia

French investment bank Natixis' office at Al-Faisaliah Tower in Riyadh, above, will offer 'tailor-made capital markets products and investment banking services.'. DUBAI: French investment bank Natixis has opened a corporate and investment banking office in Saudi Arabia's capital Riyadh and appointed former JPMorgan banker Reema Al-Asmari as its chief executive officer, the bank said on Sunday.. The bank's office, located in Al Faisaliah Tower, will offer "tailor-made capital markets products and investment banking services.". "There seems little prospect of a cascade of mortgage defaults as long as the current policy of government support continues," Saudi Real Estate Refinance Company CEO Fabrice Susini tells Arab News. New mortgage issuance had been "staggering," Susini said, and SRC had reached its target of facilitating 60 percent home ownership with months to spare.. "It was a very positive story," he said, allowing him to work on the next phase of Saudi Arabia's move toward being a home-owning economy - buying more mortgage portfolios from banks and other mortgage originators, injecting more liquidity into the housing market via domestic and international sukuk issuance, and offering new long-term fixed-rate mortgages to potential and actual home owners.. It is still an underserved market, compared with the demands